The Turkish lira hits a record low against the dollar –...

The Turkish lira hits a record low against the dollar –...
The Turkish lira hits a record low against the dollar –...

Further weakness in the Turkish lira against the US dollar was resolved on Monday, as investors look at the impact of geopolitical tensions and political interference on monetary policy.

The lira recorded 8.3840 against the dollar, approaching the record low of 8.3850, which was recorded earlier today. The pound has lost about 30 percent of its value against the US currency since the beginning of this year.

The Turkish central bank raised the main interest rate during its meeting in September and raised the interest range ceiling last month.


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